KUALA LUMPUR: The Dewan Negara today passed five bills related to the departure levy, sales tax, goods vehicle levy, windfall profit levy, and service tax.
The bills are the Departure Levy (Amendment) Bill 2022, the Sales Tax (Amendment) Bill 2022, the Goods Vehicle Levy (Amendment) Bill 2022, the Windfall Profit Levy (Amendment) Bill 2022, and the Service Tax (Amendment) Bill 2022.
Deputy Finance Minister 1 Datuk Mohd Shahar Abdullah, when winding up the debate on the Departure Levy (Amendment) Bill 2022, said it was implemented to amend the Departure Levy Act 2019 (Act 813).
"This departure levy is imposed on those leaving Malaysia (to overseas) and it is certain that this levy will enable us to diversify the indirect tax revenue collected by the Customs Department.
"We consider this departure levy rate as fair as those who board economy class flights are only charged RM8 from Malaysia leaving for countries in ASEAN, and RM20 for economy class for non-ASEAN countries.
"For business class, we charge RM50 for ASEAN countries, and RM150 for non-ASEAN countries," he said at the Dewan Negara sitting today.
Meanwhile, he said the Goods Vehicle Levy (Amendment) Bill 2022 was implemented to amend the Goods Vehicle Levy Act 1983 (Act 294), the Windfall Profit Levy (Amendment) Bill 2022 to amend the Windfall Profit Levy Act 1998 (Act 592) and the Service Tax Bill to amend the Service Tax Act 2018 (Act 807).
All five billl amendments were made to include new provisions to improve administration via provisions that allow certain facilitation to be given to taxpayers, especially during public emergencies such as natural disasters, or public health crises such as the COVID-19 pandemic.
-- BERNAMA
Bernama
Tue Aug 16 2022
Deputy Finance Minister 1 Datuk Mohd Shahar Abdullah, when winding up the debate on the Departure Levy (Amendment) Bill 2022, said it was implemented to amend the Departure Levy Act 2019 (Act 813). - BERNAMA/Filepic
Astro AWANI's revamped English news website, AWANI International, launches on Oct 21
Astro AWANI's revamped English platform delivers in-depth global news and expert analysis to keep you informed on key developments.
Israeli strikes kill 33 people in Jabalia refugee camp in Gaza, medics say
Residents of Jabalia said Israeli tanks had reached the heart of the camp after pushing through suburbs and residential districts.
Liam Payne's ex-partner calls for media restraint after 'painful' death
Cheryl Tweedy used her statement to urge the media to remember they had a seven-year-old son, Bear, who could read the reports.
Analysts: Indonesia's strong MoF leadership team to boost investor confidence
Sri Mulyani Indrawati as head of Indonesia's Ministry of Finance is expected to instil confidence among investors.
Biden offers both a carrot and a stick to Israel as his term nears an end
Israel has frequently resisted US advice and has caused political difficulties for the Biden administration.
Putin says BRICS will generate most of global economic growth
Russian President Vladimir Putin will host a summit of the group in the city of Kazan on Oct. 22-24.
ISIS Malaysia's perspective of Budget 2025
An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Budget 2025: Record increase in STR, SARA aid initiatives
The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar
The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
What policies to expect from Indonesia's new President Prabowo
Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS
The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Israel sends more troops into north Gaza, deepens raid
Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Indonesia ramps up security ahead of Prabowo's inauguration
Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods
Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM
Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
NFOF will be operational in November 2024 with funding of RM1 bil
PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.
Minimum wage to increase to RM1,700 effective Feb 1, 2025
The Progressive Wage Policy would be fully enforced next year with an allocation of RM200 million, benefiting 50,000 workers.
Bursa Malaysia ends higher on Budget 2025 optimism
The benchmark index, which opened 1.85 points higher at 1,643.29, moved between 1,641.71 and 1,649.31 throughout the trading session.
Five important aspects relating to people’s lives in Budget 2025 - PM
The focus is on driving the MADANI Economy, speeding reforms, cutting red tape, raising wages, and tackling the cost of living.
Economic outlook: Govt plans to leverage, expand existing city transit system
The expansion aims to provide a more efficient and reliable public transportation network, reduce congestion, and improve accessibility.